KUCHING: Due to encouraging response from the public, Mydin Mohamed Holdings Bhd (Mydin) plans to build a RM67 million wholesale hypermarket in March next year in Melaka.The premise, which will be located in Bandar Jasin Bistari, will be Mydin’s fourth outlet in the state. According to a press release, managing director Datuk Ameer Ali Mydin said land acquisition for the six hectare factory site would cost RM7 million and construction another RM60 million.
He added that the continued confidence in the peoples’ purchasing power prompted the investment in another hypermarket in the state.
“The state government is offering various incentives to lure investors to turn Melaka into a shoppers paradise for tourists. The hypermarket will be ready for commercial operations in May 2011 and provide business opportunities for local retailers.”
Earlier, Ameer attended a signing ceremony for the purchase of the factory land from the Melaka Customary Lands Development Corporation (Pertam).
Melaka Chief Minister Datuk Seri Mohd Ali Rustam witnessed the signing of the agreement between Ameer and Pertam’s deputy chairman Datuk As’ari Ibrahim.
Ameer said Mydin’s biggest hypermarket was operating at the Melaka International Trade Centre (MITC) and generated a monthly turnover of RM18 million, while another two outlets operated at Melaka Sentral.
The Bandar Jasin Bistari hypermaket is expected to cater for consumers as far as Muar and Tangkak in Johor and will be Mydin’s forty-eighth outlet in the country, providing employment to about 280 people.